Kitwave Group (LSE:KITW) ROCE % : 30.31% (As of Oct. 2023)

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What is Kitwave Group ROCE %?

ROCE % measures how well a company generates profits from its capital. It is calculated as EBIT divided by Capital Employed, where Capital Employed is calculated as Total Assets minus Total Current Liabilities. Kitwave Group's annualized ROCE % for the quarter that ended in Oct. 2023 was 30.31%.

Kitwave Group ROCE % Historical Data

The historical data trend for Kitwave Group's ROCE % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Kitwave Group ROCE % Chart

Kitwave Group Annual Data

Trend

Apr18

Apr19

Oct21

Oct22

Oct23

ROCE %

19.80

20.01

6.30

22.94

25.71

Kitwave Group Semi-Annual Data
	Apr18	Apr19	Apr21	Oct21	Apr22	Oct22	Apr23	Oct23
ROCE %	Get a 7-Day Free Trial			8.53	15.75	29.76	18.93	30.31

Kitwave Group ROCE % Calculation

Kitwave Group's annualized ROCE % for the fiscal year that ended in Oct. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Oct. 2023 )		(A: Oct. 2022 )		(A: Oct. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Oct. 2023 )		(A: Oct. 2022 )		(A: Oct. 2023 )
	=	29.363	/	( ( (179.658 - 83.816)	+	(209.585 - 76.997) )	/ 2 )
	=	29.363	/	( (95.842	+	132.588)	/ 2 )
	=	29.363	/	114.215
	=	25.71 %

Kitwave Group's ROCE % of for the quarter that ended in Oct. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Oct. 2023 )		(Q: Apr. 2023 )		(Q: Oct. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Oct. 2023 )		(Q: Apr. 2023 )		(Q: Oct. 2023 )
	=	38.294	/	( ( (221.533 - 101.455)	+	(209.585 - 76.997) )	/ 2 )
	=	38.294	/	( ( 120.078	+	132.588 )	/ 2 )
	=	38.294	/	126.333
	=	30.31 %

(1) Note: The EBIT data used here is two times the semi-annual (Oct. 2023) EBIT data.

Kitwave Group (LSE:KITW) ROCE % Explanation

ROCE % can be especially useful when comparing the performance of capital-intensive companies. Unlike ROE %, which indicates the profitability of Shareholders Equity, ROCE % also considers long-term debt in Capital Employed. This can be helpful when analyzing companies with significant debt, as the result is neutralized by taking debt into consideration.

Generally speaking, a higher ROCE % indicates a stonger profitability for a company. Moreover, it is important to look at the ratio from a long term perspective. Investors tend to favor companies with stable and rising ROCE % trend over those with volatile ones.

Kitwave Group ROCE % Related Terms

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Kitwave Group (LSE:KITW) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Retail - Defensive » Kitwave Group PLC (LSE:KITW) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

8R9:Germany

Address

Narvik Way, Unit S3, Tyne Tunnel Estate, North Shields, Tyne & Wear, GBR, NE29 7XJ

Website

https://www.kitwave.co.uk

Kitwave Group PLC is an independent, delivered wholesale business that supports delivery throughout the UK, specializing in selling impulse products such as confectionery, soft drinks, snacks, ice cream, frozen and chilled foods, alcohol, groceries, and tobacco. The company's reportable segments include Ambient, Frozen and chilled, and Foodservice.

Kitwave Group (LSE:KITW) Headlines

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